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Mike Novogratz / Bloomberg
- Mike Novogratz said he expects Bitcoin’s price to reach $ 65,000 and told Game of Thrones star Maisie Williams to buy the digital token.
- Williams conducted a Twitter poll on Monday about buying Bitcoin. It has attracted the attention of several prominent names including Novogratz, Elon Musk, and leading cryptocurrency investor Barry Silbert.
- Bitcoin rose as high as 4.8% to $ 18,480 on Wednesday to a new three-year high, before plunging $ 1,000 during Asian trading.
- Bitcoin’s market capitalization reached a new all-time high of $ 337 billion, surpassing the previous record of $ 328 billion set in December 2017.
- Visit the Business Insider home page for more stories.
Billionaire investor Mike Novogratz predicted that Bitcoin’s price will reach $ 65,000 during the offering advice to Game of Thrones star Maisie Williams on Twitter.
The actor took a poll on Monday about whether to buy the world’s most popular cryptocurrency. Novogratz responded by saying that the price is expected to reach $ 20,000 before it hits $ 65,000 due to a “net effect” where there are lots of new buyers and a low supply. “So YES, buy it,” he said.
@ Maisie_Williams / Twitter
Bitcoin rose as high as 4.8% to $ 18,480 on Wednesday to a three-year high, before plunging $ 1,000 in mid-afternoon Asian trading. Bitcoin began growing in October around the time PayPal announced it would allow its users to buy, sell and hold cryptocurrency on its network. The price has gained 70% since the beginning of last month.
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Novogratz has long advocated the use of Bitcoin and said it expects its price to continue to rise as more and more people warm to the idea of adding it to their wallets.
Although Novogratz advised Williams to buy, the overall response to his poll showed that the verdict was against him.
Of the nearly 900,000 votes in its poll at 3:30 am ET on Wednesday, roughly 53% of respondents were against investing in Bitcoin.
The survey even caught the attention of Tesla’s founder and CEO Elon Musk, podcast host Stephan Liveraand CEO of the Digital Currency Group investment fund Barry Silbert.
According to data from Coin Gecko, Bitcoin’s market capitalization reached a new all-time high of $ 337 billion, eclipsing a previous record of $ 328 billion set in December 2017.
As for cryptocurrency skeptics, hedge fund manager Ray Dalio admitted Tuesday that “something may be missing” on Bitcoin, and said he still sees reasons why he doesn’t expect it to become an everyday currency.
Read more: Veteran investor Bill Smead explains why Warren Buffett’s Berkshire Hathaway bought pharmaceutical stock, sold Apple and exited Costco last quarter
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